LONDON (CNNMoney.com) -- U.S. stocks were poised for a positive start Friday after preliminary government figures showed the nation's economy continued to grow for the third straight quarter.
Dow Jones industrial average, S&P 500 futures and Nasdaq 100 futures were slightly higher.
Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins.
U.S. stocks rallied Thursday after a slew of strong earnings reports. The blue-chip Dow gained 122 points, or 1.1%. The S&P 500 and Nasdaq also both gained more than 1%.
Economy: U.S. gross domestic product, the broadest measure of economic activity, rose at a 3.2% annual rate in the first quarter, the Commerce Department said.
It was the third consecutive quarter of economic growth, but the pace was slower than the 5.6% growth rate in the fourth quarter.
Economists surveyed by Briefing.com had expected a 3.3% rate.
Still to come, a survey on business conditions in Chicago and its surrounding areas is due to be released after the open, as is the University of Michigan's consumer sentiment index.
World markets: European shares posted early gains. Germany's DAX rose 0.7% in morning trading. Britain's FTSE 100 and the CAC 40 in France edged higher about 0.1%.
Asian markets also pulled out a gain. The Hang Seng in Hong Kong jumped 1.6% and Japan's Nikkei climbed 1.2%.
Other markets: The dollar was down versus the euro and was little changed versus the yen. It fell against the yen.
Oil prices fell 56 cents to $85.67 a barrel. Gold prices were up $6.40 to $1,174.80 an ounce.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.86%||3.77%|
|15 yr fixed||3.09%||3.01%|
|30 yr refi||3.84%||3.78%|
|15 yr refi||3.10%||3.01%|
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